RBNZ wary of increasing use by banks of wholesale offshore funding to fill gap left by falling growth of local deposits; says banks raising deposit and mortgage rates to help fill gap; see long term rates having bottomed out

RBNZ wary of increasing use by banks of wholesale offshore funding to fill gap left by falling growth of local deposits; says banks raising deposit and mortgage rates to help fill gap; see long term rates having bottomed out

Roger J Kerr says how far the NZ dollar drops below US70c will depend on any further US dollar gains and whether the RBNZ believe recent falls in the Kiwi dollar value will be enough for them to meet their inflation target next year

Roger J Kerr says how far the NZ dollar drops below US70c will depend on any further US dollar gains and whether the RBNZ believe recent falls in the Kiwi dollar value will be enough for them to meet their inflation target next year